Agfa-Gevaert Reports Strong Second Quarter Due to Graphics Business

Outlook

Provided that the exchange rates and macro-economic conditions remain stable, the Agfa-Gevaert Group expects a full year revenue growth of about 200 million Euro versus 2009. The revenue increase is expected to come from Agfa Graphics, as the business group's internal growth will be supplemented by the impact of the recently announced acquisitions and joint venture. Agfa Graphics' full year EBIT to revenue ratio is expected to be higher than average because of the favorable raw material costs, the stronger than anticipated recovery of the graphic industry in the USA and the IP related one-off effect. Agfa HealthCare anticipates a better top line performance in the second half of the year. The business group expects its full year EBIT to revenue ratio to be closer to 11 percent than to 10 percent.